Macroeconomic Forecast Algeria

We forecast that after turning out a large budget deficit in 2009, equivalent to 13.6% of GDP, higher global oil prices and rising hydrocarbon output will see the government's fiscal position improve over the coming years. We are pencilling in budget deficits of 7.1% and 6.0% of GDP in 2010 and 2011, and for the fiscal balance to flip into the black by 2013.

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